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Dec 10, 2012
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. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> r
. >> matthew chance for us this morning in london. >>> in washington all eyes on the fiscal cliff, now just 22 days away. with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support...
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Dec 7, 2012
12/12
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fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you working? that's the number that gives us the unemployment rate. they also talked to thousands and thousands of companies and they say how many jobs do you have? how many jobs have you added? that's how you get that net job creation number up 146,000. when the government calls people up and they say i'm not working or i've dropped out of the labor market or whatever, you can see just how big the labor market is. we know that there are some, i think, 300,000 some people who have dropped out of the labor market. they've either dropped out. they could
fiscal cliff still hanging over us. markets, at least, are telling us that we think washington will get its act together, avert the fiscal cliff and like what they see from the jobs report this morning. >> my goodness. that's optimism there. can you talk to me a little more about this job market shrinking and that maybe why the unemployment rate dropped? >> two surveys that the government takes, household survey where they call thos thousands of people at home and ask, are you...
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. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is your commute to school now? >> it feels like two hours. >> reporter: what did it used to be? >> 15 minutes. >> reporter: wow. 6:30 a.m. and at the door. a long car ride. >> have a good day. >> a bus to the temporary school. ps-13. >> unreal now how much life has changed. trying to make the best of it. >> reporter: he's an eighth grade honor student. one of 5,400 new york students sti
. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new...
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Dec 6, 2012
12/12
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the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. th
the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for...
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Dec 5, 2012
12/12
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$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morni
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up...